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Business segment information (Tables)
3 Months Ended
Mar. 31, 2025
Business segment information  
Holding Percentage of Subsidiaries

    

    

% controlled at

 

Business segment

Entity

March 31, 2025

 

Chemicals

 

Kronos

 

81%

Component products

 

CompX

 

87%

Real estate management and development

 

BMI and LandWell

 

63% - 77%

Segment Operating Performance

Three months ended

March 31, 

    

2024

    

2025

(In millions)

Net sales:

Chemicals

$

478.8

$

489.8

Component products

 

38.0

 

40.3

Real estate management and development

 

13.8

 

8.5

Total net sales

$

530.6

$

538.6

Cost of sales:

 

  

 

  

Chemicals

$

407.9

$

383.4

Component products

 

28.3

 

28.1

Real estate management and development

 

8.1

 

4.6

Total cost of sales

$

444.3

$

416.1

Gross margin:

 

  

 

  

Chemicals

$

70.9

$

106.4

Component products

 

9.7

 

12.2

Real estate management and development

 

5.7

 

3.9

Total gross margin

$

86.3

$

122.5

Operating income:

 

  

 

  

Chemicals

$

22.8

$

41.2

Component products

 

3.7

 

5.9

Real estate management and development

 

5.0

 

3.0

Total operating income

 

31.5

 

50.1

General corporate items:

 

  

 

  

Interest income and other

5.7

4.3

Other components of net periodic pension and OPEB expense

 

(.6)

 

(.8)

Changes in market value of Valhi common stock held by subsidiaries

 

.5

 

(1.7)

General expenses, net

 

(7.8)

 

(7.9)

Interest expense

 

(11.3)

 

(13.2)

Income before income taxes

$

18.0

$

30.8

Three months ended

March 31,

    

2024

    

2025

(In millions)

Depreciation and amortization:

 

  

 

  

Chemicals

$

11.5

$

14.4

Component products

 

.9

 

1.0

Real estate management and development

 

.1

 

Total

$

12.5

$

15.4